Liquid Network Open Sourced

This is it boys
github.com/Blockstream/liquid/releases

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Other urls found in this thread:

blockstream.info/liquid/block/fadca055e9d7e193f877e622298d27163ccf7b855260fc5bb7c7075c0607cf81
youtube.com/watch?v=DLWkOqo0Tak
twitter.com/NSFWRedditGif

>Instead of facing long and unpredictable confirmation times when transferring bitcoin between accounts, Liquid transactions are fully completed in two minutes. Confidential Transactions technology allows trades to be completed in private, preventing the front-running of large orders.

This sounds great, so what's the catch?

Fucking bullish.

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>tfw. liquid is the real catalyst for the bull run.

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>blue wave emoji

I'm so glad I'm a cashie, jfc.

It has always been open source. It's based on their elements project which is years old.
The liquid github is literally a fork of elements.

It's for traders. It's federated (no miners) by exchanges, otc trading desks and wallet providers like xapo.
So the catch is that liquid only makes sense if you already trust an exchange or multiple exchanges (when sending funds between them). The pegout is only possible to cold wallets of the liquid members, for security reasons.

I'm pretty hyped about it, but you have to understand the security model here.
Hold your own keys on liquid with fast, private deposits and the ability to audit the peg with your own node > holding btc on an exchange
Moving btc from exchange A to B via liquid in 2 minutes> moving btc between exchanges via mainchain transaction
For everything else, liquid makes no sense.

only so how do i invest in this?

>literally banking

Yeah and centralized exchanges with no way to audit them are great. Stay cucked with your coinex.